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Redecard will provide acquiring services to Cabal Flag in Brazil

Published in 11/09/2009

Redecard has just signed an agreement with Cabal Brazil to make the capture, processing and settlement of all transactions made with credit and debit cards of the flag in Brazil. Thus, the company reinforces its position as a multi-brand company, now with MasterCard®, MasterCard®, Maestro® and Diners Club International®, in addition to benefit cards such as Ticket, Sodexo, Nutricash, Sorocred, Planvale, Green Card, among others.

"We are very excited to announce the arrival of a new Flag to our network. Cabal's expansion plans in Brazil are very significant and, of course, they will result in excellent business opportunities for our customers’ establishments, " said Henrique Capdeville, Planning and Strategy Director of Redecard.

"The capillarity of Redecard enables us to offer to all owners of Cabal Cards in the area (Brazil, Argentina, Uruguay and Paraguay), a broadly diversified acceptance network, and a fundamental condition for the operation. It is too early to make predictions about increased numbers of cards and billing, but the fact is that Cabal Flag changes level, from a local Flag, as it is called by the Brazilian market, to a Bank Flag with excellent coverage and ready to receive new issuers ", said Marcos Vinicius Borges Viana, general superintendent of Cabal Brazil.

Both companies are already working to start the operation as soon as possible.

About Cabal Brazil

Established in January of 2000 and with its headquarters in the Federal Capital, Cabal Brazil is the result of an alliance between two important entities of cooperative origin, Bancoob - Banco Cooperativo do Brasil and Cabal Cooperativa de Provisión de Servícios Ltda, based in Buenos Aires - Argentina, owner of Cabal Flag established in 1980.

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